Barrington Research Reiterates $5.00 Price Target for U.S. Auto Parts Network (PRTS)

Barrington Research set a $5.00 price target on U.S. Auto Parts Network (NASDAQ:PRTS) in a report released on Friday morning, TipRanks reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

PRTS has been the topic of several other research reports. Zacks Investment Research raised shares of U.S. Auto Parts Network from a sell rating to a hold rating in a research note on Tuesday, May 7th. ValuEngine cut shares of U.S. Auto Parts Network from a hold rating to a sell rating in a research note on Wednesday, May 8th.

Shares of PRTS opened at $0.97 on Friday. The company has a market capitalization of $33.66 million, a PE ratio of -6.93 and a beta of 1.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.19 and a current ratio of 1.22. U.S. Auto Parts Network has a 12-month low of $0.88 and a 12-month high of $1.81.



U.S. Auto Parts Network (NASDAQ:PRTS) last announced its quarterly earnings data on Thursday, May 9th. The specialty retailer reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.05). The business had revenue of $74.74 million during the quarter, compared to analyst estimates of $77.60 million. U.S. Auto Parts Network had a negative return on equity of 19.79% and a negative net margin of 2.84%. As a group, research analysts forecast that U.S. Auto Parts Network will post -0.14 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. S. Muoio & CO. LLC acquired a new position in shares of U.S. Auto Parts Network in the fourth quarter worth about $46,000. B. Riley Financial Inc. acquired a new position in shares of U.S. Auto Parts Network in the fourth quarter worth about $168,000. 22NW LP acquired a new position in shares of U.S. Auto Parts Network in the fourth quarter worth about $395,000. Vanguard Group Inc boosted its holdings in shares of U.S. Auto Parts Network by 2.3% in the third quarter. Vanguard Group Inc now owns 885,653 shares of the specialty retailer’s stock worth $1,373,000 after buying an additional 20,136 shares during the period. Finally, North Star Investment Management Corp. boosted its holdings in shares of U.S. Auto Parts Network by 8.6% in the first quarter. North Star Investment Management Corp. now owns 1,940,736 shares of the specialty retailer’s stock worth $1,960,000 after buying an additional 154,051 shares during the period. Institutional investors own 29.64% of the company’s stock.

About U.S. Auto Parts Network

U.S. Auto Parts Network, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories primarily in the United States and the Philippines. It offers collision parts, such as parts for the exterior of an automobile; mirror products; engine parts comprising engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce Websites and online marketplaces.

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